Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (522610)	10/22/2009 7:45:42 AM
From: Brumar89	Read Replies (1) \| Respond to of 1579130

That would tax away the wealth of the Hollyweird crowd and sports celebrities. Seems your overriding principle is pull down the big achievers. BTW the average compensation of the bottom 10% is a lot lower than $40K. Think four digits. If you and your wife are both lawyers and you do well, you'd probably qualify for your 80% tax rate.

To: Road Walker who wrote (522610)	10/22/2009 7:46:30 AM
From: bentway	Read Replies (1) \| Respond to of 1579130

"So if the average total compensation of the bottom 10% is $40K, any compensation above $800K would be taxed at 80%. No deductions on the 80% part." You'd be GOD to investment bank janitors!

To: Road Walker who wrote (522610)	10/22/2009 1:19:41 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1579130

RW, > Of course the devil is in the details... but that's the premise. Way too easy to get around those rules. Any punitive tax on high income can easily be bypassed as long as the executives control the definition of "perks" vs. "cost of doing business." Does Hector Ruiz' personal jet and limo count as a perk or as a business expense, for example? How about the AIG junket to St. Regis, a five-star resort not too far from where I live?. Tenchusatsu